CarMax (NYSE:KMX) reported quarterly earnings of $0.52 per share which beat the analyst consensus estimate of $0.47 by 10.64 percent. This is a 116.67 percent increase over earnings of $0.24 per share from the same
The CNN Money Fear and Greed index showed a decline in overall market sentiment, with the index moving back to the "Greed" zone on Wednesday. U.S. stocks closed lower on Wednesday, with the Dow Jones index snapping its nine-day winning streak.
U.S. car loan market is facing a challenge with rising interest rates & falling vehicle values. Borrowers are in a precarious position as their debt value is higher than car's market value. Auto loan debt is the third-largest consumer debt, & delinquency rate is at a record high.